34 Bloodwood Circle, South Lake WA 6164
34 Bloodwood Circle, South Lake WA 6164
3×1 compact house | full-size 660m² block | owner-occupier suburb | quick local turnover | established street
The property is seen as a genuinely entry-level family house set on a full-sized 660 m² block, which is uncommon for a 3×1 configuration in this pocket. Its two-car garage and detached form offer practical suburban convenience, while the street’s established 1990s character places it among stable, owner-occupied homes. The house is best suited to first-home buyers, young couples, or small families who want a manageable interior with room for future extension. The surrounding area is known for quick sales, and the strong owner-occupier presence keeps demand steady. For these buyers, the main draw is the rare chance to secure a modest house on a large block without entering the higher-priced 4×2 market.
The main value risk may come from the single bathroom and the unknown level of internal updating, which could limit appeal for larger families. If the interior has been modernised recently, value might be stronger; if original, a buyer may need to budget for improvements. The build era is likely 1990s, so condition of roof, wiring, and plumbing should be assessed. These factors might influence how the price compares to the larger houses on the street.
>> Comparable Sales: 3 Bloodwood Circle (sold Aug 2025, price not disclosed) | Property Price Band: $800K–$900K | Value Drivers: land size, street location, layout simplicity
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Bloodwood Circle, South Lake WA 6164
Checks found:
Value Risk
!
1
Liquidity Risk
✓
Planning Risk
✓
Income Risk
!
1
Execution Risk
✓
Market Insight
South Lake, within Greater Perth, is a family-dominated market with high mortgage ownership and incomes slightly below the regional average. Demand is driven by owner-occupier families, evidenced by rapid house turnover of 11–18 days and moderate annual sales of 82–92 houses, while unit activity is negligible. House prices have climbed sharply, with annual compound growth near 16.7% and a median around $818,250. Rental yields are firm at 4.61% for houses and 4.97% for units. Future growth drivers include tight supply and sustained owner-occupier demand, though risks centre on rate sensitivity given high mortgage prevalence and affordability pressures from the recent double-digit price surge.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
660m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst